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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Residential income homes
663 Lincoln Ave, Saint Paul, MN 55105-3539
Entity Owned
5-yr Hold
Property ID
US46-3087045
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1922
Construction
WOOD FRAME
Total area
4,968 SF
Lot
0.14 ac (5,968 SF)
Zoning code
E
APN
02-28-23-41-0086
UPID
US46-3087045
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$585k
Owner & transaction history
Lte 4040 LLC · 5 yrs held
Lte 4040 LLC
since 2021
Last sale
$655,000
7 recorded transactions
Zoning & alternative use
E · Saint Paul, MN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$835,000
+53.5%
Medical building
$730,000
+34.7%
Warehouse, storage
$570,000
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Paul submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Paul submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$525,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: +35% · Conversion: Moderate
WAREHOUSE, STORAGE
$570,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +0% · Conversion: Moderate
RETAIL STORES
$510,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $655k (Mar 25 2021)
Last sale anchor
$655k
Mar 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,316
Tax year 2023
Assessed value
$782,000
Assessed 2023
Previous assessed
$782,000
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$80,000
Assessed improvement
$702,000
Land market value
$80,000
Improvement market value
$702,000
Total market value
$782,000
Applied tax rate
625.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1922
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
NONE
Units
4
Bathrooms
1
Total area
4,968 SF
Lot
0.14 ac (5,968 SF)
Zoning code
E
APN
02-28-23-41-0086
UPID
US46-3087045
Jurisdiction
RAMSEY
Zoning & alternative use
E · Saint Paul, MN
Zoning E · permitted uses
E · Saint Paul, MN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saint Paul. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
MEDICAL BUILDING
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$570,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1922
Construction
WOOD FRAME
Heating
HOT WATER
Cooling
Yes
Units
4
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lte 4040 LLC
Entity
Mailing address
1477 SELBY AVE, SAINT PAUL, MN 55104-6331
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
$655,000
Lte 4040 LLC
663 Lincoln LLC
Warranty Deed
$458,500 · Bell Bank
Sep 25, 2020
$545,000
663 Lincoln LLC
Theresa Tichich
Deed
$436,000 · Community Resource Bank NA
Jan 21, 2010
$111,148
Highgrove Cmnty FCU
Sheriff Of Ramsey County
Trustees Deed
related
—
—
—
Mary C Tichich
—
Deed Of Trust
related
$57,000 · Affinity Plus FCU
—
—
Mary C Tichich
—
Deed Of Trust
related
$275,000 · Wells Fargo Home Mortgage INC
—
—
Mary C Tichich
—
Deed Of Trust
related
$281,000 · Wells Fargo Home Mortgage INC
—
—
Mary C Tichich
—
Deed Of Trust
related
$95,600 · Highgrove Community FCU
—
—
Mary C Tichich
—
Deed Of Trust
related
$216,000 · Pwf Corp
—
—
Mary Tichich
—
Deed Of Trust
related
$568,181 · Litton Loan Servicing INC
—
—
Mary C Tichich
—
Deed Of Trust
related
$475,296 · Park Place Series 2005-wll1
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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